Coupa Inc.'s
COUP,
+1.97%
banal tumbled 9% successful extended trading Monday aft the institution reported fiscal third-quarter results. Coupa reported a nett nonaccomplishment of $91.2 million, oregon $1.23 a share, compared with a nett nonaccomplishment of $60.8 million, oregon 88 cents a share, successful the year-ago quarter. Adjusted net were 31 cents a share. Revenue climbed 40% to $185.8 cardinal from $132.9 cardinal a twelvemonth ago. Analysts surveyed by FactSet had expected nett income of 3 cents a stock connected gross of $178 million. Shares of Coupa are down 49% this year, portion the broader S&P 500 scale
SPX,
+1.17%
has gained 22%.
Shares of Lucid Group Inc. undefined took a 14.2% dive toward a one-month debased successful greeting trading Monday, aft the California-based electrical conveyance shaper disclosed that it was subpoenaed by the Securities and Exchange Commission related to an investigation. The institution said successful an 8-K filing that the SEC requested Lucid to nutrient definite documents related to the investigation, which Lucid said appears to interest a concern operation betwixt the institution (and peculiar intent acquisition institution (SPAC) Churchill Capital Corp. IV which took Lucid public) and Atieva Inc. and definite projections and statements. Lucid said it is "cooperating fully" with the SEC. Lucid's banal has rocketed 107.2% implicit the past 3 months, portion the S&P 500 undefined has inched up 0.2%.
About the Author
Jon Swartz is simply a elder newsman for MarketWatch successful San Francisco, covering galore of the biggest players successful tech, including Netflix, Facebook and Google. Jon has covered exertion for much than 20 years, and antecedently worked for Barron's and USA Today. Follow him connected Twitter @jswartz.
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